Modular Medical, Inc. financial data

Symbol
MODD on Nasdaq
Industry
Surgical & Medical Instruments & Apparatus
Location
16772 West Bernardo Drive, San Diego, California
State of incorporation
Nevada
Fiscal year end
March 31
Former names
BEAR LAKE RECREATION INC (to 5/25/2017)
Latest financial report
Q4 2023 - Feb 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 509 % -59.5%
Debt-to-equity 30.8 % +271%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 21.9M shares +100%
Common Stock, Shares, Outstanding 21.3K shares -99.8%
Entity Public Float 22.8M USD +53.1%
Common Stock, Value, Issued 21K USD +92.1%
Weighted Average Number of Shares Outstanding, Basic 22.5M shares +83.6%
Weighted Average Number of Shares Outstanding, Diluted 22.5M shares +83.6%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense 11.5M USD +30.4%
General and Administrative Expense 5.32M USD +42.1%
Operating Income (Loss) -16.8M USD -17.1%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -5.27M USD -56.9%
Income Tax Expense (Benefit) 2K USD 0%
Net Income (Loss) Attributable to Parent -5.27M USD -56.9%
Earnings Per Share, Basic -1.07 USD/shares +14.8%
Earnings Per Share, Diluted -1.06 USD/shares +14.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.05M USD -73.4%
Other Assets, Current 958 USD -61.2%
Assets, Current 2.34M USD -70.6%
Property, Plant and Equipment, Net 2.63M USD +268%
Operating Lease, Right-of-Use Asset 1.22M USD +2283%
Assets 6.2M USD -29.1%
Employee-related Liabilities, Current 304K USD
Accrued Liabilities, Current 373K USD
Liabilities, Current 1.44M USD +101%
Operating Lease, Liability, Noncurrent 915K USD
Liabilities 2.35M USD +229%
Retained Earnings (Accumulated Deficit) -61.6M USD -37.3%
Stockholders' Equity Attributable to Parent 3.85M USD -52.1%
Liabilities and Equity 6.2M USD -29.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.21M USD -19.9%
Net Cash Provided by (Used in) Investing Activities -373K USD -391%
Common Stock, Shares Authorized 50M shares 0%
Common Stock, Shares, Issued 21.3K shares -99.8%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 6.15M USD +33.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.05M USD -73.4%
Deferred Tax Assets, Valuation Allowance 14.8M USD +42.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 14.9M USD +42%
Operating Lease, Liability 1.28M USD
Payments to Acquire Property, Plant, and Equipment 373K USD +391%
Lessee, Operating Lease, Liability, to be Paid 1.44M USD
Property, Plant and Equipment, Gross 3.17M USD +201%
Operating Lease, Liability, Current 362K USD +366%
Lessee, Operating Lease, Liability, to be Paid, Year Two 470K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 452K USD
Deferred Income Tax Expense (Benefit) -4.4M USD +18.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 161K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 405K USD
Deferred Tax Assets, Operating Loss Carryforwards 8.74M USD +13.1%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -2.93M USD +28.6%
Current Income Tax Expense (Benefit) 1.6K USD 0%
Preferred Stock, Shares Authorized 5M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 405K USD
Additional Paid in Capital 65.5M USD +23.8%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 1.6K USD 0%
Operating Leases, Future Minimum Payments, Due in Two Years 39.5K USD +3%
Share-based Payment Arrangement, Expense 11K USD
Operating Leases, Future Minimum Payments, Due in Three Years 40.7K USD -74.3%
Operating Leases, Future Minimum Payments Due 77.7K USD -64.2%
Deferred State and Local Income Tax Expense (Benefit) -1.47M USD -12.8%
Interest Expense 2.75M USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%